Blog Offshore 2017-12

Bitcoin offshore

Bitcoin is a new offshore virtual currency used to make purchases and sales over the Internet in any country in the world with very low or no processing costs. If we compare it with the classic payment systems such as virtual POS, bank transfers or Western Union, the fraud index is inexistent since the Bitcoin wallet is installed on your computer or mobile phone that generates a unique key between the issuer of Bitcoin transaction and the receiver.

Residence in tax havens

The change of residence must be properly planned taking into account all aspects that may affect it in the future. Being non-resident has important consequences when it comes to not only paying taxes but also choosing where and what is taxed and in what concept. In many countries the residence entails the taxation for all the returns that are obtained in any part of the world.